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BMO Capital Markets Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income logo with Industrials background

Key Points

  • BMO Capital Markets has raised its price target for Exchange Income (TSE:EIF) from C$59.00 to C$65.50, indicating a potential downside of 12.30% from its previous close.
  • Multiple analysts, including National Bankshares and TD Securities, have increased their price targets significantly, with National Bankshares setting a new target of C$81.00 and TD Securities at C$84.00.
  • The stock has a current consensus rating of "Buy" with an average target price of C$79.68, reflecting strong confidence in the company's performance.
  • Five stocks to consider instead of Exchange Income.

Exchange Income (TSE:EIF - Get Free Report) had its price target boosted by analysts at BMO Capital Markets from C$59.00 to C$65.50 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a "market perform" rating on the stock. BMO Capital Markets' target price suggests a potential downside of 10.90% from the company's previous close.

EIF has been the subject of a number of other reports. Desjardins boosted their target price on shares of Exchange Income from C$73.00 to C$84.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. National Bankshares boosted their price objective on shares of Exchange Income from C$73.00 to C$81.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. TD Securities increased their price objective on Exchange Income from C$70.00 to C$84.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Raymond James Financial lifted their target price on Exchange Income from C$80.00 to C$85.00 and gave the company a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, CIBC upped their price target on Exchange Income from C$74.50 to C$84.50 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$79.68.

Read Our Latest Report on EIF

Exchange Income Price Performance

Shares of TSE:EIF traded up C$0.64 during midday trading on Wednesday, reaching C$73.51. The company's stock had a trading volume of 174,146 shares, compared to its average volume of 112,207. The business's fifty day simple moving average is C$64.66 and its 200-day simple moving average is C$56.60. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.13. The company has a market capitalization of C$3.67 billion, a P/E ratio of 28.80, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income Company Profile

(Get Free Report)

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.

Further Reading

Analyst Recommendations for Exchange Income (TSE:EIF)

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